Saturday, 1 December 2018

Patagonia $10m Donation

Outdoor brand Patagonia has announced that it will donate $10 million (£7.83 million) to help combat climate change. The number wasn't plucked out of thin air - it's how much Patagonia saved in 2017 after Donald Trump cut how much tax US corporations have to pay from 35% to 21%."Taxes protect the most vulnerable in our society, our public lands and other life-giving resources," said Patagonia's CEO Rose Marcario"In spite of this, the Trump administration initiated a corporate tax cut, threatening these services at the expense of our planet." The White House found that climate change will cost the US hundreds of billions of dollars annually and damage people's health. His stance is part of what has driven Patagonia's decision to donate what they've saved in tax to grassroots environmental activist groups. Patagonia previously joined lawsuits challenging Donald Trump's plans to reduce the size of protected parts of the US that belong to Native American communities. They already donate 1% of their earnings to environmental organisations around the world.